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Winny Immigration IPO
Price Band
₹
Issue Size
₹9.13 Cr
Lot Size
1,000 shares
Min Investment
₹140,000
GMP
+₹77.0 (55.0%)
Issue Price
₹140.0
Subject to Sauda
₹58500
Paid only if allotted
Winny Immigration IPO AI Summary
- Winny Immigration IPO is listed on NSE SME in the Tour, Travel Related Services sector.
- Subscription window: 20 Jun–24 Jun 2024, listing on 27 Jun 2024.
- Current GMP is +₹77.0 (55.0%) — unofficial and can change daily.
Winny Immigration is a visa consultancy firm with a focus on immigration services. The company is looking to raise funds through its IPO to expand its operations and improve its services. However, recent financial performance shows a decrease in both total income and profit after tax in the latest fiscal year.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Winny Immigration IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Jun 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Winny Immigration IPO Grey Market Premium (GMP) Today
GMP
+₹77.0
GMP %
+55.0%
Est. Listing
₹217.0
Updated: 25 Jul 2026 14:05
About the Company
Incorporated in 2008, Winny Immigration and Education Services Ltd. is primarily involved in the visa consultancy business. The company assists individuals for study, travel, work, business, and migration purposes. The company has assisted thousands of clients with immigration and visa processes, providing visa consultancy. With decades of experience and a network of 12 strategically located offices, they have effectively guided many clients through these complex procedures. Winny offers visa guidance, immigration assistance, and documentation services. The company provides consultations for the following services: 1. Training for Language Proficiency Examinations, 2. Consulting and processing a variety of Temporary Residence Visas, 3. Consulting and processing Permanent Residency Visas. The company has 12 offices in Gujarat, Maharashtra, and Delhi, including branches, franchisees, and a virtual office in Canada. As of March 31, 2024, the company has employed around 145 employees at various levels of the Organization.
Company Financials (₹ Cr)
As of 2024-03-31
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 5.43 | 5.42 | 2.76 |
| Total Income | 11.02 | 11.98 | 10.04 |
| Profit After Tax | 0.39 | 1.45 | 1.28 |
| NET Worth | 2.31 | 1.91 | 0.47 |
| Reserves and Surplus | 0.79 | 1.88 | 0.43 |
| Total Borrowing | 2.07 | 2.32 | 1.28 |
Key Ratios
EPS
₹2.59
NAV
₹15.20
ROE
18.60%
ROCE
15.74%
RoNW
17.02%
P/B Value
9.21
P/E Ratio
54.12
Market Cap
₹30.38 Cr
PAT Margin
3.63%
Debt/Equity
0.90
Promoters
Jignesh Patel
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Opening of new offices in India 0.97 2 Software Development 2.88 3 Repayment of Debt 1.59 4 Branding and Advertisement 1.00 5 General corporate purposes 1.99
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹10.04 Cr in the year ending 31 Mar 2022, increasing to ₹11.98 Cr by 31 Mar 2023, but then decreased to ₹11.02 Cr in the year ending 31 Mar 2024.
Profit Trend
Profit After Tax was ₹1.28 Cr in the year ending 31 Mar 2022, rising to ₹1.45 Cr by 31 Mar 2023, but then fell to ₹0.39 Cr in the year ending 31 Mar 2024.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO based on unofficial trading before it is listed on the stock exchange. A positive GMP suggests that investors expect the stock to list at a higher price than the issue price.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It is important to consider the company's financial performance and market conditions.
Who May Want to Wait
Investors who are risk-averse or those who prefer stable and established companies might want to avoid IPOs like this, especially if they are not comfortable with potential fluctuations in stock price.
IPO Timeline, Explained
The IPO process includes several key dates: the issue opens on 20 June 2024 and closes on 24 June 2024. Allotment of shares will be done on 25 June 2024, with the listing date set for 27 June 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While some IPOs may list at a premium and provide immediate profits, others may not perform as expected. Investors should be prepared for the possibility of volatility on the listing day.
This evaluation is generated from Winny Immigration's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Winny Immigration IPO GMP today?
Winny Immigration IPO GMP today is +₹77.0 (55.0%). GMP is an unofficial grey-market indicator and can change daily.
When does Winny Immigration IPO open and close?
Winny Immigration IPO opens on 20 June 2024 and closes on 24 June 2024.
When does Winny Immigration IPO list on the stock exchange?
Winny Immigration IPO listed on 27 June 2024 at ₹217.0.
What is the lot size for Winny Immigration IPO?
The lot size for Winny Immigration IPO is 1000 shares, requiring a minimum investment of ₹140,000.
What is the issue price of Winny Immigration's IPO?
The issue price is ₹140.0.
What is the minimum investment required?
The minimum investment required is ₹140,000.
What is the lot size for this IPO?
The lot size is 1000 shares.
When does the IPO open and close?
The IPO opens on 20 June 2024 and closes on 24 June 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on unofficial trading.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
20 Jun 2024
Close
24 Jun 2024
Allotment
25 Jun 2024
Listing
27 Jun 2024
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